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Calculate the intrinsic value of Toyota in each of the following scenarios by using the three-stage growth model of Spreadsheet 18.1. Treat each scenario independently.

Required: The terminal growth rate will be 5.8%. Note: Round your answer to 2 decimal places. Toyotas actual beta is 0.80. Note: Round your answer to 2 decimal places. The market risk premium is 8.8%. Note: Round your answer to 2 decimal places.

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